Cal Water news release

California y Washington adquirirán sistemas

NoticiasCal Water and Washington Water have signed agreements to acquire the water system assets of two utilities near the companies' existing service areas. Cal Water intends to purchase King's Mountain Park Mutual Water Company (King's Mountain), while Washington Water intends to acquire Bethel Green Acres Water Association (Bethel Green Acres).

Adjacent to Cal Water's Bear Gulch District, King's Mountain currently serves 23 residential connections near Skyline Boulevard in the Bay Area. Because the system relies on customers to voluntarily maintain system operations, the State Water Resources Control Board's Division of Drinking Water (DDW) has worked with Cal Water to bring the King's Mountain system and customers into Cal Water's Bear Gulch District. Bethel Green Acres, which is located in Graham, Wash., and borders Washington Water's Rainier View water system, serves about 200 residential customer connections.

Both purchases are subject to satisfaction of customary closing conditions, including approval by the California Public Utilities Commission and Washington Utilities and Transportation Commission, respectively.

"We appreciate the confidence DDW, King's Mountain, and Bethel Green Acres have in us to provide not just a life-sustaining product, but also quality, service, and value to these residents," said Martin A. Kropelnicki, California Water Service Group President and Chief Executive Officer. "We look forward to working with King's Mountain, Bethel Green Acres, and our California and Washington commissions to complete these transactions and serve our new customers."

Este comunicado de prensa incluye declaraciones prospectivas en concordancia con lo establecido por la Ley de Reforma de Litigios sobre Valores Privados de 1995 ("La Ley"). Tales declaraciones intentan tener la protección de lo dispuesto por las leyes de valores federales para los principios de "puerto seguro" establecidos por esta Ley. Dichas declaraciones se basan en información actualmente disponible, expectativas, estimaciones, presunciones y proyecciones y criterios de manejo sobre la Compañía, la industria de servicios públicos del agua y las condiciones económicas generales. Tales palabras como podría, espera, pretende, planea, cree, estima, asume, anticipa, proyecta, predice, pronostica o variaciones de dichas palabras o expresiones similares tienen la intención de identificar a las declaraciones prospectivas. Las declaraciones prospectivas no son garantías de acciones futuras. Las mismas están sujetas a los cambios e incertidumbre de las circunstancias. Los resultados reales pueden variar materialmente del contenido de las declaraciones prospectivas. Factors that may cause a result different than expected or anticipated include, but are not limited to: ability to close the acquisitions of King's Mountain and Bethel Green Acres, integrate the businesses, and operate the King's Mountain and Bethel Green Acres systems in an effective and accretive manner; natural disasters, public health crises, pandemics, epidemics or outbreaks of a contagious disease, such as the outbreak of coronavirus (or COVID-19); governmental and regulatory commissions' decisions, including decisions on proper disposition of property; consequences of eminent domain actions relating to our water systems; changes in regulatory commissions' policies and procedures; the timeliness of regulatory commissions' actions concerning rate relief and other actions; changes in water quality standards; changes in environmental compliance and water quality requirements; electric power interruptions; housing and customer growth trends; the impact of opposition to rate increases; our ability to recover costs; availability of water supplies; issues with the implementation, maintenance or security of our information technology systems; civil disturbances or terrorist threats or acts; the adequacy of our efforts to mitigate physical and cyber security risks and threats; the ability of our enterprise risk management processes to identify or address risks adequately; labor relations matters as we negotiate with unions; changes in customer water use patterns and the effects of conservation; the impact of weather, climate, natural disasters, and diseases on water quality, water availability, water sales and operating results, and the adequacy of our emergency preparedness; and, other risks and unforeseen events. Al considerar las declaraciones prospectivas, usted debe tener en cuenta las declaraciones preventivas que se incluyen en este párrafo, al igual que el informe anual 10-K, el informe trimestral 10-Q y otros informes presentados ocasionalmente ante la Comisión de Valores y Bolsa (SEC, siglas en inglés). La Compañía no asume ninguna obligación de proporcionar actualizaciones de las declaraciones prospectivas por medios públicos.